California Public Employees Retirement System Has $47.71 Million Stock Holdings in NiSource, Inc $NI

California Public Employees Retirement System trimmed its stake in shares of NiSource, Inc (NYSE:NI) by 14.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,022,459 shares of the utilities provider’s stock after selling 171,322 shares during the quarter. California Public Employees Retirement System’s holdings in NiSource were worth $47,708,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NI. BNP Paribas Financial Markets raised its position in NiSource by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock valued at $37,228,000 after purchasing an additional 262,483 shares during the last quarter. Norges Bank bought a new stake in shares of NiSource during the fourth quarter worth about $336,852,000. Reaves W H & Co. Inc. grew its holdings in shares of NiSource by 8.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock worth $226,537,000 after purchasing an additional 415,089 shares during the last quarter. De Lisle Partners LLP acquired a new position in shares of NiSource in the fourth quarter valued at approximately $4,176,000. Finally, Vestcor Inc increased its stake in shares of NiSource by 320.7% in the fourth quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock valued at $2,750,000 after buying an additional 50,200 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Down 1.4%

NiSource stock opened at $45.33 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The firm has a 50 day moving average price of $46.95 and a two-hundred day moving average price of $46.17. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 3.42 and a beta of 0.55.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts predict that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Insider Activity

In related news, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NI. Royal Bank Of Canada assumed coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. Citigroup raised their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. BMO Capital Markets cut their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

NiSource Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.